question archive The company has two manufacturing departments–Molding and Fabrication
The company has two manufacturing departments–Molding and Fabrication
Subject:AccountingPrice: Bought3
The company has two manufacturing departments–Molding and Fabrication. It started, completed, and sold only two jobs during March, Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Estimated total machine-hours used Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per machine-hour Molding Fabrication 2,500 1,500 $11, 750 $16, 050 $ 2.10 $ 2.90 Total 4,000 $27,800 Job P $20,000 $26, 600 Job Q $11,500 $10, 300 Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Total 2,400 1,300 3,700 1,500 1,600 3, 100 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-9, assume that Sweeten Company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments and Job P included 20 units and Job Q included 30 units. For questions 10-15, assume that the company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. 4. What was the total manufacturing cost assigned to Job P? (Do not round intermediate calculations.)
